Chapter 740 Yang Ming wants to swallow up the Xiangjiang Chinese Bank!

Chapter 740 Yang Ming wants to swallow up the Xiangjiang Chinese Bank!

Yang Ming is very aware of the seriousness of the debt crisis of Overseas Trust Bank in history. If it is taken over by the Governor's Office, the losses to the Zhang family will actually be huge.

Including Huang Changzan, Zhang Chengzhong and others, not only were their reputations ruined, but they also went to jail.

In that case, why would Mrs. Zhang still want to keep the Overseas Trust Bank?

At this time, whether it was a conspiracy or a conspiracy against overseas trust banks, he could take advantage of it, or even take it for sure.

"Huang Changzan, do you think Mrs. Zhang can still keep the Overseas Trust Bank?"

"Sir Yang, I think it's impossible."

"Then why does Mrs. Zhang still do that?"

"As a woman, she still didn't realize the seriousness of this." Huang Changzan said directly.

"I'll give you a chance. You go back and convince Mrs. Zhang and her son to sell all their shares to me. Otherwise, if a crisis occurs in the Overseas Trust Bank, the Governor's Mansion will not say anything to you. The Governor's Mansion will directly take over. At that time, the Zhang family could not get a penny, and Zhang Chengzhong still went to jail. If you do this well, I will ensure that nothing happens to you."

This is what Huang Changzan wants.

"Sir Yang, I understand. I will persuade Mrs. Zhang and her son to sell their shares to you as soon as possible."

"You go back first."

"Yes, Sir Yang."

Facing the powerful Imperial Group and Sir Yang, Huang Changzan suddenly felt at ease at this time, because he believed that Sir Yang would do what he said.

Huang Changzan left.

Yang Ming called Malisi.

Melis has returned to the villa on the top of the Peak and is resting.

Hearing the landline phone ringing, he looked and found that it was the call from Repulse Bay Villa.

It's the boss Sir Yang's phone number.

"Mailisi, things have changed. Come see me immediately."

"Yes, boss."

Malice hurriedly spoke to his wife, put on his coat, came downstairs, got into the Bentley, and hurried to the Repulse Bay Mid-Levels Villa.

. . .

Yang Ming was still sitting in the study.

However, he was very excited.

Yang Ming is very confident to swallow up the Overseas Trust Bank, but Mrs. Zhang is unwilling to let go. If the Governor's Palace and Xiangjiang Exchange intervene, it may be troublesome to deal with it.

Now that Huang Changzan has taken the initiative to seek refuge, Yang Ming believes that Huang Changzan will definitely convince Mrs. Zhang and her son, so there will be no problem in swallowing up Overseas Trust Bank.

However, now Yang Ming is not only considering the problems of overseas trust banks. In addition to Hang Lung Bank, which has been swallowed up now, there is also Dao Heng Bank, which will soon be swallowed up.

As well as the Overseas Trust Bank that is about to be swallowed up, as well as the Chinese bank and Xiangjiang Industrial and Commercial Bank of China under the Overseas Trust Bank.

In other words, the bank that will be swallowed is now basically certain.

Including Hang Lung Bank, Dao Heng Bank, Overseas Trust Bank, Chinese Bank, and Hong Kong Industrial and Commercial Bank of China.

There are five in total.

In the eyes of many people, it is already very powerful that Sir Yang can directly swallow up five Chinese-owned banks in Hong Kong, especially when one of them is the Overseas Trust Bank, the third largest bank in Hong Kong.

However, Yang Ming had been preparing for a long time from the beginning, not only for these five banks, but also for other banks in Xiangjiang.

Sun Hung Kai Bank was formerly known as Sun Hung Kai Financial, founded by Feng Jingxi of Sun Hung Kai Securities.

Sun Hung Kai Bank spent NT$3 million (equivalent to 70% of equity) to purchase the head office building at the peak of real estate development.

With the collapse of Hong Kong real estate and the outbreak of banking crises in the early 80s, Sun Hung Kai Bank faced the dual difficulties of insufficient funds and a massive loss of deposits.

In October 1983, in order to avoid the fate of being liquidated, Feng Jingxi was forced to agree to transfer the controlling stake (10%) to Country F's Bailida Group and Country M's Merrill Lynch Securities Group.

In May 1985, Arab Bank in the Middle East acquired 5% of Sun Hung Kai Bank's equity for NT$3.6 million. Later, Sun Hung Kai Bank was renamed Hong Kong Bank.

K. Wah Bank is a bank with a long history in Hong Kong, founded by Lin Zifeng. The bank's business operations have always been relatively stable.

However, after Lin Zifeng passed away in 1971, his descendants had no intention of running it.

In 1975, the controlling stake of K. Wah Bank was acquired by the family of Liu Cansong, an overseas Chinese businessman in Singapore. After that, Ka Wah Bank expanded rapidly and was listed in Hong Kong in 1980.

Ka Wah Bank's customers have always been mainly overseas Chinese in Southeast Asia, and its peers in Hong Kong did not know much about it and had always been wary of it.

When Hang Lung Bank was taken over in 1983, Ka Wah Bank's deposits were also affected.

When Hightower Bank was taken over in 1985, the market was rumored to have fallen into financial crisis due to its close relationship with Hightower Bank. (At the end of 1984, K. Wah Bank's shareholders' equity was NT$5.3 million, and its accumulated bad debts were as high as NT$5.4 million. In fact, K. Wah Bank was bankrupt).

In 1985, in order to get out of trouble, Ka Wah Bank began to negotiate with relevant consortiums for value-added shares.

In 1986, Zhongxin Group injected 3.5 million yuan into K. Wah Bank (2 million yuan in common shares, 1.5 million yuan converted into preferred shares) and obtained 91.6% of the equity of K. Wah Bank.

Ka Wah Bank changed its name to Zhongxin Ka Wah.

It is worth mentioning that after the financial crisis of K. Wah Bank surfaced, the Liu Cansong brothers fled Hong Kong. Later, they were arrested in Singapore and Malaysia respectively. The two were suspected of defrauding 7.7 million yuan.

In January 1988, the Liu brothers absconded (abandoned bail and absconded) to Wanwan.

Wing On Bank is a long-established local bank founded by Guo Quan, the founder of the famous Wing On Company in Hong Kong. For decades, its management style has been conservative and it has been able to survive the many banking crises in Hong Kong.

In 1984, a scandal broke out at Wing On Bank. Guo Zhikuang, the third generation of the Kuok family as general manager, embezzled US$1000 million from the bank for his own use.

At the end of 1985, Wing On Bank suffered heavy losses due to its inability to recover loans lent to the bank's directors and executives, and the bank's capital became negative.

In May 1986, Hengxuan Bank injected HK$5 million into Wing On Bank and obtained a 1.76% controlling stake.

Under the management of Evergrande Bank, Wing Bank quickly turned losses into profits.

In January 1993, Hang Seng sold Wing On Bank to Dah Sing Financial Group for a profit of HK$1 million.

Conian Bank is an old small bank in Xiangjiang.

In 1986, a loan of up to 1.6 million yuan to a shipping company could not be recovered and required a large write-off, which led to the Connian Bank crisis. Later, the Governor's Office took over Conian Bank and facilitated the First Pacific Group's acquisition of Conian Bank and changed its name to First Pacific Bank.

Union Bank, after the Hito Bank incident, Union Bank was also deeply affected by adverse market rumors and suffered a massive loss of deposits, resulting in a serious shortage of liquidity.

In September 1985, Wen Rencai, chairman of the board of directors and general manager of the bank, said he was ill and left Hong Kong for the United States. Later, six more directors resigned, leaving the bank without a leader.

In 1986, the Governor's Office announced that it would take over Union Bank and entrust it to Jardine Fu for management. Later, China Merchants acquired 61.3% of the shares of Union Bank.

2000年4月19日，中国工商银行与招商局达成协议，工行以18.05亿港元收购招商局持有的2.39亿友联银行股份，约占53%。8月21日，友联银行易名为中国工商银行（亚洲）有限公司。

In 2010, ICBC successfully privatized ICBC Asia.

Yang Ming feels that most of the Chinese-owned banks in Hong Kong actually have problems, including Hang Lung Bank, which has already experienced problems.

Banks such as Sun Hung Kai Bank, Ka Wo Bank, Wing On Bank, Conian Bank, Union Bank, etc. all have internal problems, but the debts have not been discovered and have not exploded, so there may be no problem.

Historically, these banks were successively affected by the crises of Hang Lung Bank and Overseas Trust Bank, which broke out successively, resulting in them being taken over by the Governor's Office or other capital consortiums.

In Yang Ming's view, these Chinese-funded banks have been taken over by him, so how can they be taken over by other consortium capital?

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